BSECompany Update10 Oct 2026 · 10 Oct 2026, 02:57 pm

Intimation of Special Civil Suit filed against the Company by Usha Dattatraya Khatpe & Others in the Court of Civil Judge, Senior Division at Khed, Pune.

Krishanveer Forge Ltd · 513369

✦ AI SummaryLitigation

Krishanveer Forge Ltd has been served with a Special Civil Suit filed by Usha Dattatraya Khatpe & Others in the Court of Civil Judge, Senior Division at Khed, Pune, seeking a declaration that a sale deed and mutation entry are void and not binding on their alleged ancestral share. The plaintiffs claim a 1/3rd undivided share in a land parcel and seek partition, separate possession, and mesne profits. The company intends to contest the matter vigorously and has strong grounds to defend its title on merits.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Krishanveer Forge Ltd - 513369 - Intimation Of Special Civil Suit Filed Against The Company

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KRISHANVEER FORGE LIMITED CIN: L28910PN1990PLC056985 REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com KVFL/SEC/2026-27/86 October 10, 2026 BSE Limited, Corporate Relationship Department, 1st Floor, New Trading Ring, P. J. Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 513369 Dear Sir / Madam, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the SEBI Master Circular for compliance with the SEBI Listing Regulations, after applying materiality in terms of Para B of Part A of Schedule III of the LODR Regulations, we hereby inform you that the Company has become party to the litigation/case filed by Ms. Usha Dattatraya Khatpe and Others against the Company vide Special Civil Suit No. 189/2026 in the Court of Civil Judge, Senior Division at Khed, Rajgurunagar, Pune. It is brought to the attention of the Exchange that the Company was previously served with a general judicial summons/notice of appearance on October 03, 2026 to appear in the court on October 06, 2026. However, the said summons was not accompanied by a copy of the plaint or the statement of claims, preventing the Company from assessing the underlying subject matter or calculating the financial impact based on the policy for determination and disclosure of material events/information. The complete copy of the plaint was received over email of the Company through Advocate on October 10, 2026 at 10.42 AM. Upon review of the plaint, the quantum of the claim has been identified. Based on the application of the Company’s policy for determination and disclosure of material events / information framed under Regulation 30(4), the quantum of this specific claim exceeds the prescribed thresholds. Accordingly, this first formal intimation is being submitted within 24 hours of the receipt of the copy of the plaint. FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424 KRISHANVEER FORGE LIMITED CIN: L28910PN1990PLC056985 REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com The Company is currently preparing to file its written statement and intends to contest the matter vigorously and take appropriate legal action in this matter. Kindly take the above information on record. Thanking you, Yours faithfully, FOR KRISHANVEER FORGE LIMITED Mahendra Ravso Samdole Company Secretary and Compliance Officer M No. : A58630 FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424 KRISHANVEER FORGE LIMITED CIN: L28910PN1990PLC056985 REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular Annexure – A Sr. Particulars Descriptions 1. Name(s) of the opposing party Usha Dattatraya Khatpe and Others. 2. Court/ tribunal/agency where litigation is filed Court of Civil Judge, Senior Division at Khed, Rajgurunagar, Pune. 3. The Plaintiffs have filed Special Civil Suit No. 189/2026 against the Company. They seek a declaration that the Sale Deed dated 01.11.1991 (Registration No. 1641 of 1991) and Mutation Entry No. 4147 are void and not binding on their alleged Brief details of ancestral share. The Plaintiffs claim a 1/3rd undivided share (admeasuring dispute/litigation approximately 0 Hectare 53 R) in the land parcel bearing Gat No. 357/105 (admeasuring 1 Hectare 60 R) at Village Kharabwadi, Taluka Khed, Pune, alongside seeking partition, separate possession, and mesne profits. 4. Financial implications are currently restricted to legal defense costs. Based on a Expected financial preliminary evaluation of the three-decade-old transaction history, based on the implications, if any, consultation with legal counsel, the Company has strong grounds to defend its due to compensation, title on merits. No materialized financial risk or operational disruptions are penalty etc.; anticipated at this stage. 5. Rs. 4,60,00,000/- (Rupees Four Crore Sixty Lakh only), based on the valuation of Quantum of claims, if the claim made by the Plaintiffs for the purpose of determining the pecuniary any; jurisdiction of the Court, which figure is not endorsed or accepted by the Company. FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424